Tag Archives: History

Slavery, Segregation, and Monuments

Today there seems to be some controversy over monuments in the south that remember the Confederate States of America and it’s leaders.  New Orleans recently took down a large monument near the middle of town.  And there have been some … Continue reading

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A Federal Reserve Report says Economists Fail at Forecasting – Really?

Robert J Samuelson had a syndicated column recently reporting on a U.S. Federal Reserve study of the accuracy of Macro-economic forecasting.  The study looked at forecasts of “important economic” indicators such as unemployment, interest rates, gross domestic product and compared … Continue reading

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Unintended Consequences and Positive Results

In the previous post I tried to demonstrate how  unintended consequences on the part of a central government can have negative results.  Unintended consequences can sometimes have positive results.  Adam Smith used the term “invisible hand” in his work on … Continue reading

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It’s a Wonderful Life, the Rationing of Capital, and Economic Recovery

The movie “It’s a Wonderful Life” is shown every year at Christmas and we usually watch it.  This year was no different.  Mr. Bailey of Bailey Savings and loan is shown what life would be like if he hadn’t been … Continue reading

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College Costs have risen because of competition? And Government Help?

In the 1950’s and 1960’s I don’t recall a national rating system on how good colleges were.  High school guidance counselors and others had ideas on which colleges in their region of the country were good quality schools, but I … Continue reading

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The Difference Between Doctors & Politicians

When I was growing up I heard my father say that the best doctors were good diagnostician.  I also remember my mother telling me that I had to take my medicine, even if it didn’t taste good, because it would … Continue reading

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Oil Industry Econ – What Investors need to know – Part 2

For oil industry drilling and production project costs, the front end costs are substantial.  The differential can vary sharply depending on the depth of the well and the reservoir characteristics.  In the middle east – Saudi Arabia for example – … Continue reading

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